Embassy Group Sells Most Expensive Residential Home in South India

Bengaluru, 12th Oct 2017 – Luxury living has a new price tag in Bengaluru, with the leading developer Embassy Group closing the sale of one of its iconic branded Private Residences, at its flagship luxury Integrated development - Embassy ONE.

The 30th-floorsingle level unit of the new Four Seasons Private Residences at Embassy ONE hasbeen sold for a record-breaking Rs. 50 Crores, the highest price ever fetchedfor a branded residence in South India. The buyer who spends a considerableamount of time overseas has chosen to remain anonymous and Embassy Group, aspart of their buyer’s confidentiality privacy policy, would not be disclosing thename. 

Located atthe gateway to North Bengaluru, the sale of this spectacular 16,000 sft 30th floorresidence is now on par with prices in the ultra-luxury market segments inMumbai and NCR. Bengaluru is among the top three cities to have witnessed unprecedentedgrowth in demand for ultra-luxury homes in the last two years. The year-on-yeargrowth of ultra-luxury homes in the city is at an all-time high and theestimated total value of ultra-luxury housing projects in various stages ofconstruction in Bengaluru are valued at Rs 6,000 Crores. (source: JLL report) 

Developed byEmbassy Group, Embassy ONE houses lifestyle residences representing exquisiteengineering, cutting-edge design and dedicated service matching internationalstandards. India’s first Four Seasons Private Residences in Bengaluru, are apart of this marquee destination. 

ReezaSebastian, Senior Vice President, Residential Business, Embassy Group said, “We are elated to havesold Bengaluru’s most expensive residential property. Luxury homeowners aremore specific about the legacy of brands, quality of construction, the promiseof delivery and re-assurance of continued impeccable levels of service. The EmbassyGroup, Four Seasons Hotels and Resorts and Blackstone being leaders in theirown spaces, have recognized these aspirations of residential homebuyers andpartnered to create this coalescence of 109 iconic homes that are among themost desirable in the city. Embassy ONE is the emergence of an elevated,integrated lifestyle.” 

Thecommunity of private residence owners at Embassy ONE span across industries andcountries and represent a niche lifestyle desired by many, but acquired by onlythose with a true penchant for world-class hospitality within the comforts oftheir curated luxury homes. 

JamesPrice, Vice President, Residential, Four Seasons Hotels and Resorts said, “The sale speaks ofthe value and benefits that Four Seasons brings as a brand, and is a vote ofconfidence in the project. We are excited to have partnered with the EmbassyGroup to create this remarkable lifestyle opportunity in one of the fastestgrowing cities in the world – Bengaluru”.

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